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Beijing to Host Top Energy Meeting

Policymakers from the world's major energy consuming countries are expected to meet in Beijing next week to promote dialogue and partnership in the field, the Foreign Ministry said yesterday.

The one-day meeting of energy ministers from China, the United States, Japan, the Republic of Korea and India will be held on December 16, ministry spokesman Qin Gang said at a media briefing.

"The meeting, organized by the National Development and Reform Commission (NDRC), aims to intensify dialogue and co-operation among the world's major energy consumers," Qin said, adding that preparations for the meeting are under way.

The NDRC, headed by the minister Ma Kai, is China's economic planning body and oversees the country's energy policy.

Delegates will discuss ways to reduce energy consumption, increase the use of renewable and alternative energy, and protect the world's energy, Qin said.

The meeting comes in the face of soaring crude prices in the world's oil market.

"We hope the meeting can help related countries to promote communications in their energy policies and exchange views on the current world's energy situation," Qin said.

US Energy Secretary Sam Bodman will lead the US delegation while the Indian delegation will be headed by Petroleum and Natural Gas Minister Murli Deora, accompanied by Petroleum Secretary M.S. Srinivasan and senior officials from companies including top refiner IOC and producer ONGC Videsh.

Japan's Trade Minister Akira Amari and Energy Director Harufumi Mochizuki are expected to promote energy conservation and substitution a top priority for Beijing since it unveiled tough efficiency targets in March this year.

The ROK Energy Minister Chung Sye-kyun and Korea National Oil Corp CEO Hwang Doo-yul will represent Seoul.

All of the participants are major energy consumers in the world, so their communications and co-operation will help stabilize the international oil market, said an economic researcher of the Chinese Academy of Social Sciences, who only gave his surname Lin.

At the media briefing, Qin also called on the US to ease export controls on high-tech products to create favourable conditions for the sound development of Sino-US trade relations.

US Commerce Secretary Carlos Gutierrez said on Tuesday he is moving ahead with plans to overhaul US licensing requirements for exports to China.

"As we expand our exports to China, we need to strike the right balance of promoting exports while also having prudent safeguards to protect our national security," Gutierrez said.

He will be part of a US delegation to China next week led by Treasury Secretary Henry Paulson for the Strategic Economic Dialogue between the two countries.

The goal of the meetings is to promote co-operation on long-term problems and create more goodwill for resolving trade friction.

"If the US side can make more active efforts in this regard, the bilateral trade will become more balanced," Qin said. (China Daily 12/08/2006 page2) The burberry bags is also quite a piece to own. You can find great buys and save on the hottest designer rolex replica through online auctions.

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